OSC Staff Notice of Request for Comment – Proposed Amendments to MFDA Rules 2.2.5 (Relationship Disclosure), 2.4.4 (Transaction Fees or Charges) and 5.4.2 (Trade Confirmations – Automatic Payment Plans) – Mutual Fund Dealers Association of Canada (MFDA)

Market Regulation Document Type
MFDA rule review

The MFDA and British Columbia Securities Commission (BCSC) are publishing for public comment proposed amendments to MFDA Rules 2.2.5 (Relationship Disclosure), 2.4.4 (Transaction Fees or Charges) and 5.4.2 (Trade Confirmations – Automatic Payment Plans). The objective of the amendments is to amend the above-mentioned rules to reflect recent changes to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) and the Companion Policy to the Instrument related to cost disclosure, performance reporting and client statement. The requirements established under NI 31-103 will come into effect on July 15, 2014. A copy of the MFDA Notice including the amended documents was also published on our website at http://www.osc.gov.on.ca.